Thursday, 13 August 2020 06:28

Sri Lanka Insurance declares highest ever life insurance bonus of Rs. 8.2 b

Sri Lanka insurance announced yesterday that it has declared the largest ever life insurance bonus of Rs. 8.2 billion for the year 2020 to its life insurance policyholders.

The quantum is the largest life insurance bonus ever to be declared in the insurance industry of Sri Lanka, bringing the total of life insurance bonuses paid to policyholders since 2005 to Rs. 64.6 billion.

Recording the largest life insurance fund of Rs. 116 billion, the company’s prudent investment management strategies and accumulating life fund have enabled the company to give higher returns to its policyholders. SLIC said with this outstanding achievement, it has upheld the trust placed by the policyholders by endorsing Sri Lanka Insurance life insurance as the life policy with the highest return.

Educating the Sri Lankan people of the importance of life insurance is an aspect Sri Lanka Insurance holds close to its heart from the inception of its existence. It is in the forefront of propagating the concept of life insurance to every corner of the country.

The trust Sri Lanka Insurance has earned from people of Sri Lanka is evident by the accolades it received. SLIC is ranked ‘The Most Loved Insurance Brand’ and the 3rd ‘Most Loved Consumer Brand’ in the country by Brand Finance.

Sri Lanka Insurance life insurance basket offers a range of life insurance plans to suit every stage and need of life in today’s competitive market environment.

The nation’s trusted insurer has achieved this extraordinary performance while reporting a significant growth in its assets base to Rs. 211 billion, which is again the largest in the insurance industry and securing the Fitch rating AAA (lka) for long-term financial stability, making it the only insurance company in Sri Lanka to receive AAA (lka) rating and secure the rating for the second consecutive time.

The company is on a mission of being a customer-focused company which constantly innovates in providing insurance services to customers, and is striving to increase dynamism and expertise of the overall operation of the company. Also, the company is focused on expansion of the branch network, which currently stands at 158 branches located island-wide to provide a convenient service to customers.

(FT)

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